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Print - 2015-10-17
World Food Day observed: Hunger 'a terrible injustice': UN chief

World Food Day observed: Hunger 'a terrible injustice': UN chief

Calling hunger "a terrible injustice," UN Secretary-General Ban Ki-moon on Friday marked World Food Day with a visit to the Milan Expo World's Fair, which is focusing on food security and nutrition, and bid to invigorate the globe's commitment to eradicat
Published 17 Oct, 2015 12:00am
World Food Day observed: Hunger 'a terrible injustice': UN chief

World Food Day observed: Hunger 'a terrible injustice': UN chief

Calling hunger "a terrible injustice," UN Secretary-General Ban Ki-moon on Friday marked World Food Day with a visit to the Milan Expo World's Fair, which is focusing on food security and nutrition, and bid to invigorate the globe's commitment to eradicat
Published 17 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
Services sector: body likely to review 8 percent mini tax today

Services sector: body likely to review 8 percent mini tax today

The committee headed by Haroon Akhtar Khan Special Assistant to Prime Minister on Revenue to review 8 percent minimum tax on services sector is expected to meet on Saturday (October 17) at Ministry of Finance. It is learnt that the Federal Board of Revenu
Published 17 Oct, 2015 12:00am
Services sector: body likely to review 8 percent mini tax today

Services sector: body likely to review 8 percent mini tax today

The committee headed by Haroon Akhtar Khan Special Assistant to Prime Minister on Revenue to review 8 percent minimum tax on services sector is expected to meet on Saturday (October 17) at Ministry of Finance. It is learnt that the Federal Board of Revenu
Published 17 Oct, 2015 12:00am
Services sector: body likely to review 8 percent mini tax today

Services sector: body likely to review 8 percent mini tax today

The committee headed by Haroon Akhtar Khan Special Assistant to Prime Minister on Revenue to review 8 percent minimum tax on services sector is expected to meet on Saturday (October 17) at Ministry of Finance. It is learnt that the Federal Board of Revenu
Published 17 Oct, 2015 12:00am
Services sector: body likely to review 8 percent mini tax today

Services sector: body likely to review 8 percent mini tax today

The committee headed by Haroon Akhtar Khan Special Assistant to Prime Minister on Revenue to review 8 percent minimum tax on services sector is expected to meet on Saturday (October 17) at Ministry of Finance. It is learnt that the Federal Board of Revenu
Published 17 Oct, 2015 12:00am
Turkey downs drone as Syria launches Aleppo offensive

Turkey downs drone as Syria launches Aleppo offensive

Turkey shot down a drone on Friday in an incident highlighting the dangers of multiple air combat operations over Syria, where government troops and their allies backed by Russian jets have launched an offensive against rebels near Aleppo. The army offens
Published 17 Oct, 2015 12:00am
Turkey downs drone as Syria launches Aleppo offensive

Turkey downs drone as Syria launches Aleppo offensive

Turkey shot down a drone on Friday in an incident highlighting the dangers of multiple air combat operations over Syria, where government troops and their allies backed by Russian jets have launched an offensive against rebels near Aleppo. The army offens
Published 17 Oct, 2015 12:00am
BRIndex30 loses 74.83 points

BRIndex30 loses 74.83 points

On Friday, BRIndex30 opened at 20,767.72 points. It touched an intraday high of 20,834.58 points and an intraday low of 20,640.63 points and closed at 20,692.89 points which was -74.83 points or -0.36 percent lower than previous close. Total volume was 67
Published 17 Oct, 2015 12:00am
BRIndex30 loses 74.83 points

BRIndex30 loses 74.83 points

On Friday, BRIndex30 opened at 20,767.72 points. It touched an intraday high of 20,834.58 points and an intraday low of 20,640.63 points and closed at 20,692.89 points which was -74.83 points or -0.36 percent lower than previous close. Total volume was 67
Published 17 Oct, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
Stocks pare losses

Stocks pare losses

Karachi stocks ended the week on a positive note Friday gaining 33 points to close at 33,954.98 compared to the 33,921.96 points Thursday. "Stocks showed recovery led by select scrips across-the-board," said Ahsan Mehanti of Arif Habib Corp. A sharp recov
Published 17 Oct, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 16, 2015).
Published 17 Oct, 2015 12:00am
Stocks pare losses

Stocks pare losses

Karachi stocks ended the week on a positive note Friday gaining 33 points to close at 33,954.98 compared to the 33,921.96 points Thursday. "Stocks showed recovery led by select scrips across-the-board," said Ahsan Mehanti of Arif Habib Corp. A sharp recov
Published 17 Oct, 2015 12:00am
Stocks pare losses

Stocks pare losses

Karachi stocks ended the week on a positive note Friday gaining 33 points to close at 33,954.98 compared to the 33,921.96 points Thursday. "Stocks showed recovery led by select scrips across-the-board," said Ahsan Mehanti of Arif Habib Corp. A sharp recov
Published 17 Oct, 2015 12:00am
Ayub Khan missed opportunity for Kashmir's freedom: ex-CIA official

Ayub Khan missed opportunity for Kashmir's freedom: ex-CIA official

Former Central Investigation Agency (CIA) official Bruce Riedel in his new book 'JFK's Forgotten Crisis: Tibet, the CIA and the Sino-Indian war', revealed that Pakistani former president Ayub Khan had demanded Kashmir from the US in return for not attacki
Published 17 Oct, 2015 12:00am
Ayub Khan missed opportunity for Kashmir's freedom: ex-CIA official

Ayub Khan missed opportunity for Kashmir's freedom: ex-CIA official

Former Central Investigation Agency (CIA) official Bruce Riedel in his new book 'JFK's Forgotten Crisis: Tibet, the CIA and the Sino-Indian war', revealed that Pakistani former president Ayub Khan had demanded Kashmir from the US in return for not attacki
Published 17 Oct, 2015 12:00am
US had warned General Zia of Indian strike on nuclear sites

US had warned General Zia of Indian strike on nuclear sites

The recently declassified US State Department documents show that in September 1984, US President Ronald Reagan had warned President General Zia-ul-Haq that "it is likely that at some point India will take military action to pre-empt your nuclear program"
Published 17 Oct, 2015 12:00am
US had warned General Zia of Indian strike on nuclear sites

US had warned General Zia of Indian strike on nuclear sites

The recently declassified US State Department documents show that in September 1984, US President Ronald Reagan had warned President General Zia-ul-Haq that "it is likely that at some point India will take military action to pre-empt your nuclear program"
Published 17 Oct, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
Attack on Kunduz hospital: Pakistan rejects allegations against ISI

Attack on Kunduz hospital: Pakistan rejects allegations against ISI

Pakistan on Friday rejected US media allegations as baseless which claimed that a Pakistani operative was among those killed in the US bombing on a hospital in Kunduz, Afghanistan run by Doctors Without Borders. "Allegations implicating Pakistan are basel
Published 17 Oct, 2015 12:00am
Attack on Kunduz hospital: Pakistan rejects allegations against ISI

Attack on Kunduz hospital: Pakistan rejects allegations against ISI

Pakistan on Friday rejected US media allegations as baseless which claimed that a Pakistani operative was among those killed in the US bombing on a hospital in Kunduz, Afghanistan run by Doctors Without Borders. "Allegations implicating Pakistan are basel
Published 17 Oct, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (October 16, 2015).

Published 17 Oct, 2015 12:00am
Putin warns of incursion from Afghanistan into Central Asia

Putin warns of incursion from Afghanistan into Central Asia

Russian President Vladimir Putin on Friday warned leaders of Central Asian nations of a possible militant incursion from Afghanistan. Putin's statement comes a day after US President Barack Obama announced plans to keep about 9,800 US troops in place in A
Published 17 Oct, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 Oct, 2015 12:00am
Putin warns of incursion from Afghanistan into Central Asia

Putin warns of incursion from Afghanistan into Central Asia

Russian President Vladimir Putin on Friday warned leaders of Central Asian nations of a possible militant incursion from Afghanistan. Putin's statement comes a day after US President Barack Obama announced plans to keep about 9,800 US troops in place in A
Published 17 Oct, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Oct, 2015 12:00am
US troop reduction in Afghanistan: Taliban defiant over delay

US troop reduction in Afghanistan: Taliban defiant over delay

The Taliban on Friday brushed aside a US decision to delay withdrawing troops from Afghanistan, saying it would do nothing to save an "unwinnable war" and promising to step up its campaign against the Western-backed government in Kabul. President Barack O
Published 17 Oct, 2015 12:00am
US troop reduction in Afghanistan: Taliban defiant over delay

US troop reduction in Afghanistan: Taliban defiant over delay

The Taliban on Friday brushed aside a US decision to delay withdrawing troops from Afghanistan, saying it would do nothing to save an "unwinnable war" and promising to step up its campaign against the Western-backed government in Kabul. President Barack O
Published 17 Oct, 2015 12:00am
Daniel Craig says would rather slit wrists than play Bond again

Daniel Craig says would rather slit wrists than play Bond again

Daniel Craig, the British actor who will be appearing as James Bond for the fourth time in "Spectre" released later this month, has told an interviewer he would rather slit his wrists than play 007 again. "I'd rather break this glass and slit my wrists,"
Published 17 Oct, 2015 12:00am
Obama to discuss nuclear security 'concerns' with Nawaz

Obama to discuss nuclear security 'concerns' with Nawaz

The United States will discuss concerns about the security of Pakistan's nuclear arsenal during a visit to Washington next week by Prime Minister Nawaz Sharif, the White House said on Thursday. The New York Times claimed on Thursday that the Obama adminis
Published 17 Oct, 2015 12:00am
BRIDGE NOTES: Haste makes waste

BRIDGE NOTES: Haste makes waste

Bridge success rests on one vital actor - your vision and comprehension of how the opponents' cards lie and what should be their favourable distribution that can enable you to succeed in an otherwise taxing hand like the one NS face in our illustration fo
Published 17 Oct, 2015 12:00am
Obama to discuss nuclear security 'concerns' with Nawaz

Obama to discuss nuclear security 'concerns' with Nawaz

The United States will discuss concerns about the security of Pakistan's nuclear arsenal during a visit to Washington next week by Prime Minister Nawaz Sharif, the White House said on Thursday. The New York Times claimed on Thursday that the Obama adminis
Published 17 Oct, 2015 12:00am
New Elvis album teams king with royal orchestra

New Elvis album teams king with royal orchestra

Priscilla Presley closes her eyes and bites her lip as she listens to a new album of Elvis songs, with the king of rock and roll's voice backed by Britain's Royal Philharmonic Orchestra. "I am emotional because I watched him singing each one of these song
Published 17 Oct, 2015 12:00am
Prime Minister reviews internal security situation

Prime Minister reviews internal security situation

Prime Minister Nawaz Sharif chaired a high-level meeting at PM House Islamabad to review the internal security situation of the country. The meeting was attended by Minister for Interior Chaudhry Nisar Ali Khan, Chief of Army Staff General Raheel Sharif,
Published 17 Oct, 2015 12:00am
A Minute With: Joseph Gordon-Levitt talks walking 'The Walk'

A Minute With: Joseph Gordon-Levitt talks walking 'The Walk'

Heights don't scare Joseph Gordon-Levitt, which came in handy when the actor was tasked with recreating Frenchman Philippe Petit's audacious 1974 high-wire walk between the roofs of New York's Twin Towers in the movie "The Walk." The former "3rd Rock from
Published 17 Oct, 2015 12:00am
Prime Minister reviews internal security situation

Prime Minister reviews internal security situation

Prime Minister Nawaz Sharif chaired a high-level meeting at PM House Islamabad to review the internal security situation of the country. The meeting was attended by Minister for Interior Chaudhry Nisar Ali Khan, Chief of Army Staff General Raheel Sharif,
Published 17 Oct, 2015 12:00am
Hayek, Paltrow lend voices for equal pay for women in Hollywood

Hayek, Paltrow lend voices for equal pay for women in Hollywood

In a week that saw Meryl Streep speak out about equal pay and other actresses of the film "Suffragette" applaud the domestic violence protesters who invaded their premiere, the topic took center stage at a Los Angeles event last Friday. The "Power of Wome
Published 17 Oct, 2015 12:00am
Assets not declared: ECP suspends membership of 272 legislators

Assets not declared: ECP suspends membership of 272 legislators

The Election Commission of Pakistan (ECP) on Friday suspended membership of over 272 parliamentarians for not submitting details of annual return of assets till last date. The legislators whose memberships have been suspended through a notification issued
Published 17 Oct, 2015 12:00am
Climate change clips wings of migratory birds: ornithologist

Climate change clips wings of migratory birds: ornithologist

It takes the dexterity of a lacemaker to remove the tiny bird caught in nets strung between pine trees on Poland's Baltic coast, a veritable paradise for dozens of migratory species. Polish ornithologist Jaroslaw Nowakowski delicately unravels the Goldcre
Published 17 Oct, 2015 12:00am
Assets not declared: ECP suspends membership of 272 legislators

Assets not declared: ECP suspends membership of 272 legislators

The Election Commission of Pakistan (ECP) on Friday suspended membership of over 272 parliamentarians for not submitting details of annual return of assets till last date. The legislators whose memberships have been suspended through a notification issued
Published 17 Oct, 2015 12:00am
Is the tablet's time up?

Is the tablet's time up?

In their current guise and with their current features, traditional tablets are starting to struggle to compete with phablets for screen size and with hybrid and 2-in-1 devices for practicality and productivity. In fact, ABI Research is forecasting that i
Published 17 Oct, 2015 12:00am
Platinum price forecasts for 2016 lowered

Platinum price forecasts for 2016 lowered

Analysts and traders have lowered their outlook for platinum prices next year, a Reuters poll showed on Thursday, after the metal plunged 16 percent in its biggest quarterly drop in seven years. The survey of 30 analysts and traders conducted over the las
Published 17 Oct, 2015 12:00am
Smart appliances will make meals tastier

Smart appliances will make meals tastier

Appliance manufacturers have spent years developing smart fridges that can tell when food needs to be ordered, but many consumers still cannot see the point of an intelligent kitchen. Karsten Ottenberg is the chief executive of Europe's biggest home appli
Published 17 Oct, 2015 12:00am
Oil up on low US rig count; prices down sharply on week

Oil up on low US rig count; prices down sharply on week

Oil prices rose nearly 2 percent on Friday as traders covered short positions after four days of sharp losses, and the US oil rig count fell for a seventh week in a row. US crude and Brent racked up their steepest weekly declines in eight weeks after an I
Published 17 Oct, 2015 12:00am
Back to the Future: Truth is stranger than sci-fi

Back to the Future: Truth is stranger than sci-fi

When Marty McFly and "Doc" Brown burst into 2015 in a time machine, straight from the year 1985, they encounter a brave new world of garbage-fuelled flying cars, self-tying shoes and robot waiters. For audiences in 1989, when CDs were the height of hi-tec
Published 17 Oct, 2015 12:00am
Gunman kills five at Shia centre in Saudi Arabia

Gunman kills five at Shia centre in Saudi Arabia

A gunman killed five people in an attack on a Shia meeting hall in Saudi Arabia on Friday before being shot dead by police, state-owned Al Arabiya TV and a resident said. "A person who opened fire on a husseiniya was killed, and the attacker was in his tw
Published 17 Oct, 2015 12:00am
Hair tapestries have become a styling trend

Hair tapestries have become a styling trend

The latest hair-styling technique will have you reaching for needle and thread! Search with the hash-tag "hairtapestry" to find photos on social media of women wearing mini tapestries in their hair. Colourful strands of embroidery thread, just like those
Published 17 Oct, 2015 12:00am
Gunman kills five at Shia centre in Saudi Arabia

Gunman kills five at Shia centre in Saudi Arabia

A gunman killed five people in an attack on a Shia meeting hall in Saudi Arabia on Friday before being shot dead by police, state-owned Al Arabiya TV and a resident said. "A person who opened fire on a husseiniya was killed, and the attacker was in his tw
Published 17 Oct, 2015 12:00am
New haircuts offer day-by-day variety

New haircuts offer day-by-day variety

Variety is the spice of life and the new watchword for hairdressers is: a haircut should allow people to style their hair differently every day. Women with short hair should try a feathered cut with a short but distinct fringe, leaving the ears free, reco
Published 17 Oct, 2015 12:00am
ART FACTS: Windows to the soul

ART FACTS: Windows to the soul

One can enjoy the intrinsic elements in the artworks of Akram Dost Baloch in an exhibition at Chawkandi Art Gallery, Karachi. Titled "Shenakht" the paintings had a great influence of his native land. The images hold up the mirror to viewers which showed i
Published 17 Oct, 2015 12:00am
KARACHI CHRONICLE: Muharram security measures

KARACHI CHRONICLE: Muharram security measures

On the 27th of Zilhaj, October 12, Sindh Chief Minister Syed Qaim Ali Shah presided over an extraordinary meeting on law and order in the context of Muharram security arrangements during the first 10 days of Muharram. Governor Ishratul Ibad Khan attended
Published 17 Oct, 2015 12:00am
Fault lines in Pakistan's brand of democracy

Fault lines in Pakistan's brand of democracy

The Quaid-e-Azam must have had very good reasons to opt for Parliamentary Democracy as the system of governance in Pakistan. Little did he know or anticipate what a mess his descendants would land this country in after his departure, as has been witnessed
Published 17 Oct, 2015 12:00am
Liaquat thwarted theocracy

Liaquat thwarted theocracy

Liaquat is often referred to as Jinnah's "right hand man" and heir apparent. He is credited with having headed the team of lieutenants which had so successfully put Jinnah's plans through during the momentous 1937-47 decade, which made Pakistan possible.
Published 17 Oct, 2015 12:00am
Shaheed Hakim Mohammed Said (1920 - 1998)

Shaheed Hakim Mohammed Said (1920 - 1998)

An eminent, charismatic and striking figure, Shaheed Hakim Mohammed Said, was born in Delhi, India on 9th January 1920 in a noble family of hakims. His father, Hakim Hafiz Abdul Majeed, a renowned physician and herbalist, died in 1922 when Hakim Said was
Published 17 Oct, 2015 12:00am
Shaheed Hakim Mohammed Said: A distinguished personality

Shaheed Hakim Mohammed Said: A distinguished personality

Shaheed Hakim Mohammed Said, former Governor of Sindh, a renowned Hakim (physician) of international repute, Chancellor of Hamdard University, President Hamdard Foundation Pakistan and Chairman Hamdard Laboratories (Waqf) Pakistan was a distinguished scho
Published 17 Oct, 2015 12:00am
Service to humanity is the main objective of Hamdard

Service to humanity is the main objective of Hamdard

Hamdard was established in 1906 in Delhi India. By Hakim Abdul Majeed --- a visionary physician and distinguished herbalist and father of Hakim Mohammad Said, he passed away when Hakim Mohammad Said was only 2 years old and his elder brother, Hakim Abdul
Published 17 Oct, 2015 12:00am
My Abbajaan (My Father)
Currency

My Abbajaan (My Father)

It is seldom and rather rare, that we find our complete ideal in any personality. We do find some parts or some characteristics of our ideal, and even that, too widely scattered, in a person or persons. However, once in a while we come across a charismati
Published 17 Oct, 2015 12:00am
Asian naphtha crack rises on firm demand

Asian naphtha crack rises on firm demand

Asia's naphtha crack rose to a five-session high of $92.70 a tonne on Wednesday on the back of firm demand. Taiwanese Formosa Petrochemical Corp, Asia's top naphtha importer, was seeking cargoes for second-half November delivery to Mailiao. The Philippine
Published 17 Oct, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,794 million as compared to PKR 5,348 million reported on Wednesday, an increase of 27 percent. The number of lots traded also increased by 49 percent to 36.91 million from 24.79 m
Published 17 Oct, 2015 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 17 Oct, 2015 12:00am
European wheat prices ease following US markets

European wheat prices ease following US markets

European wheat prices eased on Wednesday in the wake of a fall on US markets with additional pressure from a rise in the euro against the dollar making it less competitive on world markets. December milling wheat, the benchmark on Paris-based Euronext, se
Published 17 Oct, 2015 12:00am
US FOB Gulf soyabean, corn offers weaker

US FOB Gulf soyabean, corn offers weaker

Soyabean and corn export premiums were flat to softer at the US Gulf Coast on Wednesday as progressing harvests uncovered large yields in the Midwest, traders said. Wheat offers were mostly flat. Traders are waiting for the results on Thursday of a tender
Published 17 Oct, 2015 12:00am
Indian rapeseed futures hit all-time high

Indian rapeseed futures hit all-time high

Indian rapeseed futures hit a record high for the third straight session on Wednesday as supplies remained low, while soyabeans rose to a more than four-month high. The most active November soyabean contract on the National Commodity and Derivatives Excha
Published 17 Oct, 2015 12:00am
US Midwest corn bids sharply higher

US Midwest corn bids sharply higher

Corn cash basis bids were unchanged to sharply higher in the US Midwest on Wednesday as futures slumped to a three-week low and farmers continued to delay sales, grain merchants said. Chicago Board of Trade corn futures declined by more than 1 percent on
Published 17 Oct, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 149,840 tonnes of cargo comprising 101,145 tonnes of import cargo and 48,695 tonnes of export cargo including 6,930 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 101
Published 17 Oct, 2015 12:00am
Cotton market: prices keep upward march on forward buying
Cotton

Cotton market: prices keep upward march on forward buying

Prices maintained an upward trend on the cotton market on Friday in the process of forward buying by mills and spinners, dealers said. Resulting, the official spot rate was higher by Rs 50 to Rs 5300, dealers said. In Sindh, seed cotton prices were unchan
Published 17 Oct, 2015 12:00am
Canadian canola ends lower
Currency

Canadian canola ends lower

ICE Canadian canola fell Wednesday on profit-taking and hedge-related selling by farmers after the spot November contract climbed to its highest level in nearly two weeks, traders said. Declines in Chicago Board of Trade soybeans and soymeal futures added
Published 17 Oct, 2015 12:00am
Cotton falls on producer selling as harvest picks up
Cotton

Cotton falls on producer selling as harvest picks up

ICE cotton futures fell for the second straight session on Thursday as US producers took advantage of prices near 1-month highs to lock in sales as the harvest picked up in the world's top exporter. Prices surged earlier in the week on concerns about rain
Published 17 Oct, 2015 12:00am
Olam sees 2015-16 global cocoa deficit of 150,000 tonnes

Olam sees 2015-16 global cocoa deficit of 150,000 tonnes

Olam is forecasting there will be a global cocoa deficit of 150,000 tonnes in the 2015/16 season, chief operating officer of the company's cocoa unit Amit Suri said on Friday. Suri said dry weather in top producing region West Africa was a concern as crop
Published 17 Oct, 2015 12:00am
Shanghai copper, aluminium tumble

Shanghai copper, aluminium tumble

Shanghai Futures Exchange copper, zinc, lead and aluminium fell more than 1 percent, with aluminium hitting a new record low, down more than 15 percent this year, and copper ending at 39,540 yuan ($6,223) a tonne. "The mood is uniformly negative towards C
Published 17 Oct, 2015 12:00am
Copper slides on stronger dollar, supply concerns
Currency

Copper slides on stronger dollar, supply concerns

Copper slid from near a one-month high on Friday as a stronger dollar weighed on the market and planned output cuts by miners failed to ease concerns over ample supplies. Benchmark copper on the London Metal Exchange closed 0.4 percent lower at $5,285 a t
Published 17 Oct, 2015 12:00am
Tokyo, Shanghai rubber down

Tokyo, Shanghai rubber down

Benchmark Tokyo rubber futures ended down 1.3 percent on Friday, tracking weaker Shanghai futures amid worries over a slowing economy in top consumer China. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast A
Published 17 Oct, 2015 12:00am
Corn at three-week low, soya sags

Corn at three-week low, soya sags

US corn futures fell to the lowest in more than three weeks and soyabeans also eased, pressured by the ongoing Midwest harvest, while wheat fell 1 percent in subdued trading on Thursday. At the Chicago Board of Trade, December corn settled down 3-1/2 cent
Published 17 Oct, 2015 12:00am